The price of dozens of chemicals has risen by more than 100%!

Since the low point of the epidemic, Brent crude oil prices have rebounded by 200%. The first two months of this year have been the strongest among all major asset classes in the world.

Since February this year, international oil prices have risen sharply. On February 24, the price of Brent crude oil futures exceeded US$67/barrel, and the price of WTI exceeded US$63/barrel. International oil prices basically returned to the January 2020 level. This wave of oil prices has continued to rise for nearly 4 months, and the increase has exceeded 75%.

Along with the soaring crude oil prices, the prices of chemical commodities have started a bulk upward mode.

As of March 2, 2021 liquid chlorine, spandex, crude anthracene, hydrochloric acid, sulfuric acid, sulfur, acetic acid, DMF, BDO, propylene oxide, bisphenol A, butyl acrylate, isooctyl acrylate, isobutyraldehyde, acetic acid More than 20 kinds of chemical products such as butyl ester, perchloroethylene, flexible foam polyether, octanol, n-butanol, elastomer polyether, polymeric MDI, etc. have increased by more than 100%!

Among them, on February 19, n-butanol hit the highest single-day increase in ten years, with a single-day increase of 1,500 CNY/ton!

At the same time, the domestic market price of butyl acrylate in 2021 will catch up with the high price in 2011. The crazy increase in the price of raw material n-butanol is one of the reasons supporting the increase in the price of butyl acrylate. In addition, the decrease in the supply of n-butanol is also the main supporting factor. It is expected that there is still room for price increase in the market outlook, setting a new high in the past 10 years!

With the increase in prices, the inventories of some chemical products companies have fallen to their lows in recent years, and the price transmission effect of the industry chain is obvious.

"The biggest headache for people in the sales department now is that there are too few goods, the market is tight, and orders need to be scheduled." From less than 40,000 CNY/ton at the end of the third quarter of 2020, to now more than 70,000 CNY/ton price , Xinxiang Chemical Fiber's high-end leading spandex products have nearly doubled in price in half a year, but in this "strong" price-increasing market environment, the relevant person in charge of the company also called out "there is no inventory."

As a kind of elastic fiber, spandex is mostly used as a raw material for the garment industry. According to the number of filaments, spandex is mostly divided into 70D, 40D, 20D and other specifications. In theory, the fewer the number of filaments, the higher the product characteristics. According to the monitoring of the business agency, since August last year, the domestic price of spandex has continued to soar. As of February 25, the average market price of 40D specifications was 57,000 CNY/ton, which is an increase of 84.47% compared with the lowest price in August 2020. .

"The company produces many product specifications. In contrast, the price of high-end products has risen faster. The current overall quotation range has reached 50,000-80,000 CNY/ton, and the profitability of the industry is considerable." Talking about the recent supply and demand of spandex market, Xinxiang The person in charge of chemical fiber said that there were bad habits in the spandex market sales in the early days, but now the market has to wait for the goods with money. This situation must no longer exist. The company's orders have been placed in April, and the market is out of stock. obvious.

The upstream and downstream of the entire industry chain have risen one after another. Some upstream manufacturers have encountered the situation of "closing the market without reporting and refusing to take orders" due to insufficient supply.

▶▶▶PBT: Increase by 14,500 CNY/ton, and it will be closed!

The upstream 1,4-butanediol soared, and the price of PBT was hit by a shock increase. According to market news, Japan’s Toray issued a PBT price increase letter. From March 1st, non-filled PBT will be increased by 14,500 CNY/ton; flame-retardant/filled PBT will be increased by 9,700 CNY/ton. Changchun Chemical will not be reported. As the upstream high continues and downstream demand increases, it is expected that PBT will continue to rise in the short term.

▶▶▶Organic Silicones: a surge of 6000 CNY/ton, the surge continues!

Since the holiday, organic silicon has shown a steady rise. According to data monitoring, up to now, organic silicon has risen by nearly 6,000 CNY/ton, and the upward trend is still continuing.

According to the latest market news, Xin'an Chemical’s organic silicon price was 24,000 CNY/ton, an increase of 1,700 CNY/ton from the previous month; Luxi Chemical’s price was 24,300 CNY/ton, an increase of 700 CNY/ton from the previous month. Silicone spot supply is tight, and it is expected that silicone will continue to rise in March.

▶▶▶TDI: BASF raises RMB 10,000/ton!

TDI rally, ten separate spectrum! Judging from the trend chart, since February, the TDI rise has been almost a vertical surge. According to market news, BASF’s March listing price was 25,000 CNY/ton, an increase of 10,000 CNY/ton from the previous month; Wanhua Chemical’s March listing price was 23,000 CNY/ton, an increase of 7,800 CNY/ton from the previous month. As the downstream price increase letters are issued frequently and demand increases, it is expected that TDI will continue to skyrocket in March.

▶▶▶Epoxy resin: Quotation is suspended for upstream maintenance, epoxy resin soars by 3000!

Overhauls increase in March, and some raw materials will skyrocket. Bisphenol A is one of them. Recently, the bisphenol A maintenance plan was announced. Nanya Plastics and Nantong Xingchen stopped quoting, which stimulated the epoxy resin to skyrocket again. Among them, the price increase in Shandong area is raised by 2,000-3,000 CNY/ton. It is expected that in the short term, epoxy resin will continue to operate at a high level.